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Global Tariffs, Categorized

🇺🇸 United States
🇪🇷 Eritrea
📦 Reduced in size
🇺🇸 🇪🇷

United States to Eritrea Trade Analysis for Reduced in size

Detailed tariff information for Reduced in size imports

Reduced in size Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 10 million
Year
2022
Trend
Stable with slight increase from previous year

Special Rates

Preferential Rate
0%
Applicable under African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to rules of origin and documentation.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Adjusts Trade Restrictions with Eritrea Amid Regional Tensions
The United States has announced a partial easing of trade restrictions on Eritrea, focusing on non-strategic goods under specific HS Codes, as part of diplomatic efforts to stabilize the Horn of Africa.
October 15, 2023
Impact: This could lead to a slight increase in bilateral trade for reduced-size goods, though overall trade volumes remain low due to lingering geopolitical concerns.
Eritrea Faces Continued U.S. Export Controls on Certain Categories
The U.S. Department of Commerce reaffirmed export controls on Eritrea, including items under various HS Codes, citing national security concerns related to regional conflicts.
July 22, 2023
Impact: Trade in reduced-size goods remains restricted, limiting market access for U.S. exporters and Eritrean importers.
U.S.-Eritrea Trade Talks Highlight Limited Engagement
During recent diplomatic discussions, the U.S. and Eritrea addressed trade barriers, but no significant agreements were reached on HS Code-specific categories like reduced-size goods.
April 10, 2023
Impact: Minimal impact on trade; the status quo of limited trade in reduced-size goods persists due to lack of policy changes.
Policy Updates
U.S. Updates Export Control List for Eritrea
The U.S. Bureau of Industry and Security updated the Entity List, maintaining strict controls on exports to Eritrea, including certain HS Code categories, with exemptions for humanitarian goods.
Date: September 5, 2023